Emami approves ₹282 crore share buyback at ₹475
Emami's board approved a ₹282 crore share buyback at a maximum price of ₹475 per share, covering about 1.36% of its equity capital. This move indicates a strong commitment to returning capital to shareholders while pursuing growth.
after close1 source ↓written by the desknot a recommendation
- through the open
- ₹282 crore
- per share
- ₹475
- could cover approximately
- 59,36,842 equity shares
- of the company's
- 1.36%
Emami's board has approved a share buyback of up to ₹282 crore through the open market, with a maximum price set at ₹475 per share. This program could cover approximately 59,36,842 equity shares, representing about 1.36% of the company's paid-up equity capital.
This buyback reflects Emami's commitment to returning capital to shareholders while continuing to invest in its core and new business segments.
Not investment advice. For informational purposes only.